. >> so these people not only had a good hot hand in 2012 but you think they will db-it wasn't only a good hot hand in 2012. what did they do right as a group in 2012? what were the challenges they had to overcome? >> challenges were considerable. heavy doses of political uncertainty. weak it faultering economies, globally speaking. for allocation managers, trying to decide where the best value is across asset classes. for alternatives managers, market dynamics since 2008 and even over the past year have made execution of those strategies challenging as well. >> when we return under a couple of minutes, michael, you will introduce us to the winners in domestic and foreign stock categories. michael herbst, thank you very much. >> ty, retail sales are in focus and retail sales in december better than expected. but consumers were extremely focused. hi, court. >> hi, sue. many same store sales stronger than commentary. same store sales index increasing 4.5%, beating estimates. department stores did disappoint while kohls increased and beat expectations, late season deeper discount sales w